Slope of Hope Blog Posts

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Positive Divergences (by Springheel Jack)

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There's quite a bit of positive divergence this morning and on NDX / NQ, this is a very significant level with a strong reversal setup. I posted the chart below on twitter last night showing NQ having made the H&S target yesterday, stalled there at strong support, and the W bottom setup if NQ can manage to get back over 2695. This really is a strong reversal setup and it's worth watching carefully to see what happens here:

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